Progress Software Corporation (PRGS)
Progress Software Corporation PE Value: 25.33
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PRGS PE Value Rankings
| Overall | 34th percentile | 649 of 989 |
| Sector | 37th percentile | 69 of 110 in Technology |
| Industry | 38th percentile | 8 of 13 in Application Software |
PRGS PE Value Range, Past 5 Years
| Minimum | 8.03 | May 2009 |
| Maximum | 35.30 | Feb 2011 |
| Average | 23.17 |
About PE Value (Pro)
Click the "Learn More" link below to see how YCharts calculates the PE Value
This valuation method corrects for any recent price appreciations for discounts by assuming that the value of the company will be in line with its historical valuations based on PE ratios. It will show companies that have recently increased in price, without an accompanying increase in earnings, to be overvalued, and it will show companies with a recent decrease in price, without an accompanying decrease in earnings, to be undervalued.
This method is most difficult to trust with growth stocks. Some of these companies trade at PE multiples of more than 35 for many years as they experience their growth. However, multiples of 35+ are rare (as of August 30, 2010 only 12.5% of companies had a 5 year average PE greater than 35), and since there is no sure way to know when a company's growth will slow, we apply a maximum PE ratio of 35 to companies. This helps to ensure that investors do not purchase companies under the intuition (based on history) that a stock's "reasonable" PE ratio is 35+ over the long term. If an investor wants to apply that PE ratio consciously based on special information, they may do so, but there should be sound reason.
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PRGS News
May 31, 9:35AM Business Wire
May 15, 8:00AM Business Wire
May 07, 9:19AM Street Insider
May 07, 8:46AM Street Insider
May 07, 8:46AM Benzinga
Apr 26, 8:45AM Street Insider
about 37 days ago by TradeIdeasQuant
Apr 23, 9:51AM Benzinga
Mar 29, 7:53AM Street Insider
about 65 days ago by earningscast
Mar 21, 8:00AM Business Wire
Mar 14, 8:00AM Business Wire
Mar 12, 4:35PM Business Wire
about 129 days ago by Benzinga
about 139 days ago by MarketBrief
about 149 days ago by 1973Hog
about 149 days ago by earningscast
about 149 days ago by Street_Insider
about 149 days ago by Benzinga
about 169 days ago by TheEquitiesRoom
about 169 days ago by TER_Intraday
about 213 days ago by MarketBrief
about 225 days ago by MarketBrief
about 232 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PRGS | 19.22 | -0.01 | -0.05% | 1.192B |
| PRGO | 103.89 | -0.74 | -0.71% | 9.762B |
| PRGN | 0.58 | +0.00 | +0.00% | 34.72M |
| PNR | 40.76 | -0.10 | -0.24% | 4.030B |
| PNQI | 37.80 | -0.18 | -0.47% | |
| PNNT | 9.75 | +0.11 | +1.14% | 528.85M |
| PNM | 18.65 | +0.13 | +0.70% | 1.475B |
| PNFP | 17.06 | +0.01 | +0.06% | 590.27M |
| PNF | 12.05 | -0.03 | -0.25% | |
| PNC | 61.42 | +0.07 | +0.11% | 32.37B |
